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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4655831 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by awesomeJ(m): 8:48pm On Sep 25 |
Itsrm:ππ 1 Like |
Re: Treasury Bills In Nigeria by Akerewe(m): 9:40pm On Sep 25 |
Chuksteve: Yes it's fully backed by fgn 1 Like |
Re: Treasury Bills In Nigeria by youngestland: 8:10am On Sep 26 |
t-bills is still balling o yesterdays result was impressive |
Re: Treasury Bills In Nigeria by realking(m): 9:06am On Sep 26 |
youngestland:please assist with yesterday's result |
Re: Treasury Bills In Nigeria by youngestland: 10:09am On Sep 26 |
realking: 3 Likes
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Re: Treasury Bills In Nigeria by cucumbar: 6:24pm On Sep 26 |
youngestland:inflation is rendering any gain made from this useless π€ 1 Like |
Re: Treasury Bills In Nigeria by emmaodet: 11:01pm On Sep 26 |
cucumbar: There is a way around it if you know how to trade it 1 Like |
Re: Treasury Bills In Nigeria by kniru: 3:22am On Sep 27 |
Egbon Drop update ! emmaodet: 2 Likes |
Re: Treasury Bills In Nigeria by Plus10(m): 9:01am On Sep 27 |
emmaodet:Which way o, please show us the way! |
Re: Treasury Bills In Nigeria by SirLaw12: 11:36am On Sep 27 |
Please someone should guide me on how to liquidate my treasury bill investment. |
Re: Treasury Bills In Nigeria by freeman67: 11:55am On Sep 27 |
SirLaw12: Just contact the same channel you bought it from and tell them you want to sell it. Read your proof/certificate of investment very well ooo. You may lose money as penalty for default. Also, consider the fact that you have collected upfront and they will minus it except if you didn't collect it. 1 Like |
Re: Treasury Bills In Nigeria by efismikoko(m): 12:29pm On Sep 27 |
cucumbar: Itβs still better than keeping money you cannot use for business I.e 1m - 10m 2 Likes |
Re: Treasury Bills In Nigeria by Reelz: 5:32pm On Sep 27 |
emmaodet:Pls Tell us d how 1 Like |
Re: Treasury Bills In Nigeria by skydiver01: 10:23pm On Sep 27 |
Good morning |
Re: Treasury Bills In Nigeria by Internetboy: 12:38pm On Sep 28 |
emmaodet: Please give more insights . |
Re: Treasury Bills In Nigeria by jedisco(m): 10:38am |
emmaodet: Good expouse. Issue is that CBN is copying what western nations did to combat inflation without first asking themselves why it worked there. Consumer debt is huge in the West meaning a small rise in interest rate would affect how much people can pay for housing, cars and their disposable cash. In Nigeria it's the opposite. What's worse is that while we all agree inflation was driven by reckless new money printing, where we differentiate from stable economies is how much we print is what we use our new money for. The nation is not using new money to provide infrastructure, support SME's, free/affordable healthcare, good education to its citizens rather it's being looted by politicians or siphoned to the rich why the everyday folks suffer the effects of inflation Before Buhari, all the naira ever printed was 19 trillion. Buhari + Emefiele printed over 30 trillion. I.e in 8 years they had access to almost double of all the naira we had in our combined history. What economic output was that used to create? Ultimately such printing would lead to serious inflation which was worsened by the fact that our economy regressed during that time. 6 Likes 1 Share |
Re: Treasury Bills In Nigeria by jedisco(m): 11:00am |
Rampant inflation with currency collapse without economic growth is terrible. Recently was speaking with someone who was advising I buy land as investment in certain areas. Person used their purchase years back as an example. At about 2009, they had bought a piece for 26 million. That piece is now about 75 million. Good profit he thought. We sat down and crunched the numbers. 1. 16 million in 2009 at exchange of about 135 was about 118k usd 2. 75m today at an exchange of 1600 is about 46k usd. I.e 72k usd lost. This is depressing but then we have not considered that the dollar itself has lost over 40% of its value in that time. So the real term return (after taking out usd inflation) would be abysmal. Some might say why bother about usd- this would be true if our currency was stable. Today, the usd exchange determines the cost of most goods we buy. What burst our brain was crunching the numbers to see if that money was put in a globally diversified index fund. Historically, despite volatility, these have yielded an averageof 7-9% annually. That 118k usd if invested in a global fund would be worth at least 374k usd today. That's how to track or beat inflation and how many westerners fund lavish retirements. I'm not even going into ease of sale e.t.c between both 11 Likes 1 Share |
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